OBS-REW is a multi-currency booking system with a general ledger and sub-ledgers. The accounts and the accounting methodology can be flexibly set up as required. An automatic reconciliation of the aggregated entries in the ledger to the detailed sub-ledger is integrated. Further functionality includes various trial balances and reports (daily trial balance, currency trial balance and interest trial balance, VAT report, etc.) in detailed and aggregated form. OBS-REW also supports the consolidation of several entities into one trial balance.

The currency in which the balance sheet is to be created can be individually chosen. This allows the creation of a trial balance in any currency e.g. in the currency the client wishes and understands, in another currency for regulatory authorities and yet another currency for the headoffice. Currency accounts are automatically revalued based on the exchange rates in the system.

OBS-REW offers various online query screens for:

• Balance enquiries
• Turnover enquiries based on multiple different criteria (e.g. booking date, value date, turnover type, amount, etc.)

OBS-REW caters for manual recording of booking entries including the following:

• Memorandum bookings into previous accounting period e.g. month
• Memorandum bookings into previous accounting period e.g. previous financial year
• General manual bookings
• Creation of booking audit trail for all manual and automatic booking entries

Interfaces between OBS-REW and other OBS modules as well as third parrty systems are managed using the Booking Engine.

OBS also supports interfaces to various regulatory reporting and controlling systems.